FLCOX vs. MDLVX
FLCOX (Fidelity Large Cap Value Index Fund) and MDLVX (BlackRock Advantage Large Cap Value Fund Investor A) are both Large Cap Value Equities funds. FLCOX is passively managed, while MDLVX is actively managed. Over the past 5 years, FLCOX returned 11.80%/yr vs 12.79%/yr for MDLVX. Their 0.98 correlation means they have historically moved very closely together. FLCOX charges 0.04%/yr vs 0.79%/yr for MDLVX.
Performance
FLCOX vs. MDLVX - Performance Comparison
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Returns By Period
In the year-to-date period, FLCOX achieves a 20.58% return, which is significantly lower than MDLVX's 23.18% return.
FLCOX
- 1D
- 0.44%
- 1M
- 1.92%
- 6M
- 14.44%
- YTD
- 20.58%
- 1Y
- 32.82%
- 3Y*
- 17.99%
- 5Y*
- 11.80%
- 10Y*
- —
- ALL TIME*
- 11.04%
MDLVX
- 1D
- 0.64%
- 1M
- 2.57%
- 6M
- 16.82%
- YTD
- 23.18%
- 1Y
- 39.31%
- 3Y*
- 20.60%
- 5Y*
- 12.79%
- 10Y*
- 12.87%
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FLCOX vs. MDLVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCOX Fidelity Large Cap Value Index Fund | 20.58% | 15.90% | 14.38% | 11.48% | -7.57% | 25.09% | 2.87% | 26.54% | -8.38% | 10.90% |
MDLVX BlackRock Advantage Large Cap Value Fund Investor A | 23.18% | 18.11% | 15.08% | 13.43% | -8.89% | 26.20% | 3.64% | 24.39% | -7.94% | 15.80% |
Correlation
The correlation between FLCOX and MDLVX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.98 |
The correlation between FLCOX and MDLVX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
FLCOX vs. MDLVX — Risk / Return Rank
FLCOX
MDLVX
FLCOX vs. MDLVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Large Cap Value Index Fund (FLCOX) and BlackRock Advantage Large Cap Value Fund Investor A (MDLVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLCOX | MDLVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.60 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 5.78 | -1.18 |
| Martin ratioReturn relative to average drawdown | 19.70 | 26.84 | -7.14 |
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Drawdowns
FLCOX vs. MDLVX - Drawdown Comparison
The maximum FLCOX drawdown since its inception was -38.28%, smaller than the maximum MDLVX drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for FLCOX and MDLVX.
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Drawdown Indicators
| FLCOX | MDLVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.28% | -55.49% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.54% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -16.19% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | -19.87% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.11% | — |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -8.91% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.41% | +0.18% |
Volatility
FLCOX vs. MDLVX - Volatility Comparison
Fidelity Large Cap Value Index Fund (FLCOX) and BlackRock Advantage Large Cap Value Fund Investor A (MDLVX) have volatilities of 2.91% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCOX | MDLVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.81% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 8.90% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 11.38% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 14.77% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 17.23% | +0.33% |
FLCOX vs. MDLVX - Expense Ratio Comparison
FLCOX has a 0.04% expense ratio, which is lower than MDLVX's 0.79% expense ratio.
Dividends
FLCOX vs. MDLVX - Dividend Comparison
FLCOX's dividend yield for the trailing twelve months is around 0.87%, less than MDLVX's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCOX Fidelity Large Cap Value Index Fund | 0.87% | 1.51% | 1.92% | 1.99% | 2.01% | 1.55% | 2.28% | 3.82% | 2.79% | 0.60% | 0.00% | 0.00% |
MDLVX BlackRock Advantage Large Cap Value Fund Investor A | 10.71% | 9.33% | 14.55% | 2.68% | 5.86% | 17.69% | 1.49% | 3.76% | 12.92% | 0.43% | 1.06% | 0.70% |
Frequently Asked Questions
With a correlation of 0.98, FLCOX and MDLVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FLCOX has higher volatility (2.91%) compared to MDLVX (2.81%). In terms of maximum drawdown, FLCOX dropped -38.28% vs MDLVX's -55.49%.
MDLVX currently has the higher Sharpe Ratio (3.33 vs 2.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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